Dec
9

Leaders urged to cut VAT on home improvements

A number of businesses and organisations from the construction and property sectors have come together to urge the next UK government to slash VAT on home improvements and maintenance. This coalition which includes the Federation of Master Builders (FMB) predict that a VAT reduction from 20% to 5% would provide sufficient stimulus to the economy to shift it towards a net zero carbon economy. The ‘Cut the VAT’ campaign believes it will trigger a green housing revolution and free up investment for domestic housing which creates around 20% of carbon emissions in the UK. Highlighting also that the build-to-rent (BTR) sector has rocketed from 30,000 to 148,000 homes in 5 years, the coalition believes the reduction of VAT paid on maintenance and management can help the sector improve delivery. Find details of the organisations involved in the coalition and read more about what the FMB has to say about the campaign here.